Mammoth Resources Corp. provided results from an additional three drill holes from its diamond drilling program at its 100% owned Tenoriba gold-silver property located in the prolific Sierra Madre precious metal belt, Mexico. The drill program is designed to test up to five target zones which measure from hundreds of metres to over one kilometre in strike length along a 4 km, east-west trend of gold-silver mineralization identified in 3-dimensional modelling incorporating data from over 3,000 soil, chip and channel samples, 26 prior diamond drill holes, geological and structural mapping and the potential continuity at depth of surface mineralization as indicated by an Induced Polarization/Magnetometer geophysical survey.

An additional three diamond drill holes have been completed for a total of 539.75 m bringing the total reported to date to 1,535.25 m in 10 holes. The first four holes reported tested the TA-2 target in the Carneritos area of the project while an additional three holes tested the TA-3 target in the central Masuparia area of the project, approximately 700 m from the closest Carneritos area drilling. Drill Hole Description: As previously discussed, Mammoth intends to initially drill 2 to 4 holes within each target zone then move to another target zone to drill a similar number of holes.

Company geologists intend to await the results from the initial 2 to 4 drill holes in a target area prior to returning to the area to follow up drilling of these areas. Where mineralized intervals are intersected in the initial sequence of drilling, or where holes fail to encounter mineralization as suggested by the data, follow up drilling will be based on field assessments combined with surface geology, sampling and geophysics data to assist in defining follow up drill collar locations with the aim of assisting in more clearly understanding and testing the controls and continuity to gold- silver mineralization. Hole TEN 21-07 was collared in the Masuparia target area with the objective of testing an interpreted north-south trending structural corridor which may have been a control to wide mineralized intercepts in historic drill hole TDH-11.

Holes TEN 21-10 and 21-13 were drilled in the El Moreno target area where prior drilling consisted of only four prior holes testing attractive surface gold samples in chip, channel and soil samples and IP/Mag geophysics on only three geophysical lines covering only 200 m of the mineralized trend strike length. The early 2021 infill geophysics survey expanded on the original survey and assisted in enhanced targeting in this area in what has been defined as the TA-5 target. Drill Hole TEN 21-07: The hole was collared in the Masuparia target area, it was drilled to a depth of 189.0 m of a planned 200 m depth at 60 degrees decline/dip, azimuth 90 degrees and was collared approximately 80 m south of historic hole TDH-11.

The drill hole was collared to test an interpreted north-south trending structural corridor which could be part of the mineralization controls of the wide mineralized intercepts of historic hole TDH-11. Historic drill hole TDH-11 returned five mineralized intervals of potentially economical gold-silver beginning at a core length of 4.0 m and ending at a length of 188.7 m, including 26.7 m interval grading 0.66 g/t gold equivalent followed by 41.0 m interval grading 0.92 g Eq. Drill hole TEN 21-07 intercepted from surface to 91.5 m core length a lithic crystal tuff of which the first 28.0 m were weathered and oxidized and followed to the end of the hole at 189.0 m by a fine grain possibly intrusive unit with chloritized and calcified feldspar phenocryst relics and chlorite/magnetite alteration assemblage in the ground mass.

The mineralized intervals encountered appear controlled by the presence of minor irregular fractures filed by black sulfides and failed to reproduce the grades and interval widths encountered in TDH-11. Based on the results of this drill hole it would appear that either the interpreted north-south structural corridor does not exist at this location or does not have consistent grade distribution. It should also be noted that the type of controls to possible mineralization ­ the black sulfides and alteration are most likely proximal to a porphyry mineralizing system and not typical to the core of a High Sulfidation mineralization system.

Future drilling in this area will be dependent upon receiving the remaining results from the 2021-22 program and possible follow up surface geological mapping and review of such mapping with results from the geophysical survey. Drill Hole TEN 21-10: The hole was collared in the Moreno target area, it was drilled to a depth of 244.0 m of a planned 250 m at 55 degrees decline/dip, azimuth 330 degrees and although collared only approximately 6.0 m west of hole TEN17-03, the azimuth of the drill was aimed at testing extensions up to 35 m west of that tested in hole TEN17-03. The drill hole was collared to test the interpreted F1, north-east fault as identified in the 3D geophysical interpretation and the approximate 35 m southwest step out of hole TEN 17-03.